Friday, 22 May 2015
Last updated 8 hours ago
Oct 24 2008 | 10:06am ET
Activists have not been immune to the drubbing hedge funds have taken in recent month, and Jana Partners is no exception.
The New York-based firm has done better than many hedge funds, but has still been battered by the collapse in oil prices, Bloomberg News reports. Barring a major turnaround, the firm, headed by Barry Rosenstein, is facing its first-ever down year since its founding in 2001.
The firm’s $4 billion flagship, the Jana Master Fund, is down 14.7% this year, according to Bloomberg. The fund’s investors are used to the other kind of double-digit return; Jana Master had posted an annualized return of 20.9% prior to this year.
Two other Jana funds have not fared as badly, but still find themselves in the red. Jana Nirvana is down 8.9% through Sept. 30, and Jana Piranha is down 3.1%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…